The improvement of the regional innovation system,an important approach to Zhejiang's economic transformation,which can not only promote the institutional innovation and the accumulation of innovation elements,both of which are a must in Zhejiang's economic transition,but also facilitate the effective allocation of innovational resources,through which economic system implements its new function.Characterized by marketization,organization,institution and capital system upgrading,Zhejiang regional innovation system can improve its function from such three dimensions as institution,organization and industry,which helps to break through the limitations and secure Zhejiang's economic transformation.